Forecast: International Passenger Air Transportation Services Tourism Output in the US

The analysis of international passenger air transportation services tourism output in the US reveals notable fluctuations. From 2013 to 2016, there was a negative year-on-year growth range from -0.37% to -5.6%, reflecting challenges in the segment. 2017 saw a positive shift, with a 6.36% increase followed by modest growth through 2019. The COVID-19 pandemic precipitated a significant 15.6% decline in 2020. Recovery began in 2021, continuing with strong growth in 2022 and a minor increment in 2023, closing the year at 54.66 billion USD. The 5-year CAGR from 2023 is 1.63%. Forecasts suggest moderate growth through 2028, with a CAGR of 1.21%.

The future trends to watch for include:

  • Impact of geopolitical tensions on international travel demand
  • Shift towards more sustainable and eco-friendly travel options
  • Advancements in aviation technology improving efficiency and reducing costs
  • Continued recovery and potential overcapacity as airlines ramp up operations post-pandemic
  • Evolution of travel regulations and their implications on international passenger traffic

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